Hi all,
So we are looking at another move up this week from silver to get past the 17.62 resistance. There is some resistance around the 17.60 to 17.70 area so be prepared for some sideways trading. If you see something like a staircase type setup in to that area you know it will pull back to the last support area which should be 17.60 where it should bounce higher (may look like the green arrows)
I do have some issues with the count at the moment which I don't know if I can resolve. I will see how the price shows.
The target for this move up I have is at around 17.90
Stops - if you have longed from the 17 mark good on you your stops should be below the 17.23 area now
Invalidation area for this count is at 16.84.
So we are looking at another move up this week from silver to get past the 17.62 resistance. There is some resistance around the 17.60 to 17.70 area so be prepared for some sideways trading. If you see something like a staircase type setup in to that area you know it will pull back to the last support area which should be 17.60 where it should bounce higher (may look like the green arrows)
I do have some issues with the count at the moment which I don't know if I can resolve. I will see how the price shows.
The target for this move up I have is at around 17.90
Stops - if you have longed from the 17 mark good on you your stops should be below the 17.23 area now
Invalidation area for this count is at 16.84.